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As we all know, Volkswagen has been able to climb to where it is today, and Piech, the "father of Volkswagen", played a central role. It single-handedly made Volkswagen one of the world's largest automakers. Of course, with the change of the times, the global automobile industry is facing an once-in-a-century change, that is, the transformation of electrification and intelligence.

Coupled with the implementation of government policies, after the European Union forces automakers to cut carbon dioxide emissions by 37.5% between 2021 and 2030, a new round of emissions cuts are bound to threaten jobs and profits. This rule is based on a 40 per cent reduction in emissions between 2007 and 2021.

At this year's Frankfurt Motor Show, Volkswagen Group CEO Herbert. Herbert Diess told foreign media at the scene that they had given up decades of engineering investment to build a Volkswagen empire and would then free up resources to develop and produce electric cars.

Public information shows that Volkswagen has decided to spend 80 billion euros ($88.55 billion) on electric vehicles. According to the plan, by 2023, Volkswagen Group will invest about 44 billion euros in the areas of electrification, digitization, mobile travel services and self-driving, of which 30 billion euros will be invested in electric travel. By 2025, nearly 1/4 of Volkswagen's entire lineup is expected to be electric.

In addition, Deiss admitted to foreign media that in today's automotive world, creating a good product without considering the cost will be a dangerous strategy. Because while we are developing new technologies, we also have to thoroughly transform the era of internal combustion engines. Nowadays, the public no longer needs so many complicated brands. With a few exceptions, they can break into huge global profits by ploughing existing brands.

Volkswagen is the Godfather of Volkswagen Ferdinand. Under the leadership of Ferdinand Piech, Volkswagen grew into a huge multi-brand empire. It owns Volkswagen, Skoda, Bentley, Bugatti, Lamborghini, Porsche, Audi and other brands. In the former Piech era, he was proud of his excellent engineering design and vast empire.

With the end of the era of internal combustion engine approaching, more and more automobile manufacturers are looking for ways to reduce exhaust emissions and devote their main energy to the transformation of electrification and intelligence to reduce the development costs of these new technologies and businesses.

Frank, chief financial officer of Volkswagen. Frank Witter also said recently that it hopes to improve the group's profitability by slimming down, while taking into account the task of reducing emissions. "from the perspective of the overall structure of the group, it is valuable to reduce complexity."

In fact, Volkswagen has gradually spun off Piech's empire, selling some of its assets, including gearboxes and some bearing manufacturers

With the departure of Piech, the auto industry is now undergoing the baptism of unmanned and electrified. At least for now, the cars of the future will no longer be as interesting as they were. The golden age of the auto industry is really over.

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